2055 N Terrace Lane NE
GrandRapids, MI 49505
- 2 beds
- 3 baths
- 2,339 sqft
- $168 per sqft
- 1993 build
- – on site
Enjoy easy living in this Ravines Condo! Located on a quiet cul-de-sac at the back of the development offering supreme privacy, this spacious condo offers an updated kitchen; great room with vaulted ceilings, custom-designed built-ins, and fireplace; huge primary suite with sitting area or office, private bath, and walk-in closet; powder room; and laundry-all on the main floor. In the lower level, you'll find a family room with a fireplace and access to a secluded patio; second bedroom with walk-in closet; huge hall bath; a bonus room for an office or studio with walkout access to the patio; wet bar; plus lots of great storage. The backyard offers wooded views and plenty of privacy. Convenient location near Knapp's Corner for shopping anddining, close to expressways for easy commutes and downtown Grand Rapids.
Last checked:
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Last updated May 3, 2025
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MLS# 65025018368 —
The Building
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Year Built:1993
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Construction Materials:Brick, WoodSiding
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Architectural Style:EndUnit, Ranch
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Roof:Asphalt, Shingle
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Stories:1
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Basement:Full, WalkOutAccess
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Basement:true
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Foundation Details:Basement
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Exterior Features:PrivateEntrance
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Patio And Porch Features:Patio
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Above Grade Finished Area:1349.0
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Below Grade Total Area:1238
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Below Grade Finished Area:990.0
Interior
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Interior Features:VaultedCeilings, WetBar, WindowTreatments
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Flooring:Carpet, Vinyl
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Fireplace:true
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Fireplaces Total:2
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Fireplace Features:FamilyRoom, GasLog, LivingRoom
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Laundry Features:LaundryCloset, MainLevel
Room Dimensions
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Living Area:2339.0
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Living Area Units:SquareFeet
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Living Area Source:PublicRecords
Location
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Directions:Leonard Ave NE to Perkins Ave north OR Knapp St NE to Perkins Ave south to South Terrace Lane; follow around to property
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Cross Street:Perkins Ave NE
The Property
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Parcel Number:411416227015
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Property Type:Residential
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Property Subtype:Condominium
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Lot Features:HillyRavine, Sprinklers
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Lot Size Units:SquareFeet
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Zoning Description:Residential
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Road Frontage Type:PrivateRoad
Listing Agent
- Contact info:
- Agent phone:
- (616) 292-1900
- Office phone:
- (616) 458-3655
Taxes
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Tax Legal Description:UNIT NO.15 BLDG. H * RAVINES CONDOMINIUMS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.203 LIBER 2835 PAGE 168 AS AMENDED BYREPLAT NO.1 INSTRUMENT NO.20170830-0072914 & AS AMENDED BY AMENDED & RESTATED MASTER DEED INSTRUMENT NO.20190814-0060558
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Tax Assessed Value:90631
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Tax Annual Amount:2995.0
Beds
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Total Bedrooms:2
Baths
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Total Baths:3
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Full Baths:2
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Half Baths:1
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:CeilingFans, CentralAir
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Cooling:true
Utilities
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Utilities:NaturalGasConnected
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:BarFridge, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range, Washer
Schools
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High School District:GrandRapids
The Community
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Waterfront:false
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Pets Allowed:Yes
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Association:true
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Association Fee:555.0
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Association Fee Includes:MaintenanceGrounds, Other, SnowRemoval, Trash
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Association Fee Frequency:Monthly
Parking
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Garage:true
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Garage Spaces:2.0
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Attached Garage:true
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Parking Features:Attached, GarageFacesFront, GarageDoorOpener, Paved
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Regional Alliance of REALTORS, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Monthly cost estimate
Asking price
$395,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,115
|
| Taxes | $249 |
| Insurance | $108 |
| HOA fees | $555 |
| Utilities | $153 See report |
| Total | $3,180/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/1/25
May 1, 2025
|
Pending | REALCOMP | $395,000 | |
|
5/1/25
May 1, 2025
|
Listed / Active | REALCOMP | $395,000 |
